Property profile

142 Grand Ave Nogales, AZ 85621

OFF-MARKET
Investment properties
Property ID
US07-3351328
17,813 SF 0.2 ac lot Built 2000
Individually Owned 17-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 142 N Grand Avenue in Nogales, Arizona, presents a lucrative investment opportunity. Situated in the bustling business district near the border, this retail center boasts a total of 17,813 square feet across two levels, strategically positioned near the intersection of W. Crawford St. and N. Grand Avenue. The ground floor comprises six retail rental units, three of which are currently available. These units benefit from high foot traffic due to their location on a city street with wide sidewalks. The upper level offers an expansive, open-plan space of over 6,000 square feet, accessible via a locked stairwell from Unit A and from the Grand Avenue side. This second level presents significant potential for expansion or additional rental income. The property sits on a 0.2-acre lot and is offered at $899,999. The seller is open to discussing property details and financing options. This is an excellent opportunity for investors seeking a strong return in a vibrant border town location. The property's size, location, and existing rental income stream make it an attractive proposition for both seasoned investors and those new to commercial real estate. Schedule a viewing to explore the full potential of this remarkable property.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 2000
Construction CONCRETE
Total area 17,813 SF
Lot 0.2 ac (8,800 SF)
APN 101-50-029
UPID US07-3351328

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store (Bike/Boat/Book/etc) Store

Location

142 Grand Ave Nogales, AZ 85621-3211
Nogales metro Census 966402 NOGALES, AZ MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$850k
Blend (final) Blend
$870k

Owner & transaction history

since 2008
3 recorded transactions
2008
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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